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In April 2020, Merck announced plans to consolidate our New Jersey campuses into a single New Jersey headquarters location in Rahway, NJ by 2023. Therefore, this role will be temporarily based in a different NJ location and exact timing of the departmental move to Rahway, NJ will be communicated at a future date.
Participate in the design and support the implementation and communication of the Company’s executive and broad-based compensation strategy, plans, policies and programs to ensure alignment with overall business strategy and external peers.
Primary Responsibilities
Compensation Committee Meetings
- Responsible for supporting the preparation of Board meeting materials and related tasks including meeting scheduling and coordination, meeting minutes, and delivery of materials to Committee members via board portal
Executive Compensation Benchmarking and Competitive Analysis
- In partnership with divisional compensation leaders, review executive positions and survey matches
- Assist in the preparation of the annual competitive analysis for the top 250 executives
- Prepare annual compensation statements and tally sheets
Proxy/External Reporting
- Responsible for supporting the preparation of the CD&A (Compensation Discussion & Analysis) within the Company's annual proxy statement as well as related compensation and benefits disclosures
- Analyze proxy filings to obtain market intelligence on the practices of our competitors and assess competitiveness of executive officer compensation
Compensation Programs
- Perform comprehensive data analysis, drawing conclusions from findings and making recommendations for change
- Track and report on retention equity grant activity to ensure compliance with approval and grant issuance processes
- Participate in the design of our company’s global stock incentive, deferred compensation, and other executive related programs
- Support the development and updating of HR portal content and communications
Business Unit Support
- Prepare compensation assessments, recommendations and related analysis for the Company’s broad-based and executive populations
- Assist with the completion of compensation surveys, dashboards and other ad-hoc analyses
Special Projects: Support special projects including due diligence and M&A support
Education Minimum Requirements:
- Bachelor's degree
Required Experience and Skills:
- Minimum 3 years work experience in HR, compensation, finance, accounting or consulting, with at least 2 years as an analyst.
Preferred Experience and Skills:
- Strong results orientation and attention to detail
- Strong written and oral communication skills
- Strong analytical and problem-solving skills with ability to understand the business
- Advanced excel skills
- Workday experience preferred
NOTICE FOR INTERNAL APPLICANTS
In accordance with Managers' Policy - Job Posting and Employee Placement, all employees subject to this policy are required to have a minimum of twelve (12) months of service in current position prior to applying for open positions.
If you have been offered a separation benefits package, but have not yet reached your separation date and are offered a position within the salary and geographical parameters as set forth in the Summary Plan Description (SPD) of your separation package, then you are no longer eligible for your separation benefits package. To discuss in more detail, please contact your HRBP or Talent Acquisition Advisor.
Employees working in roles that the Company determines require routine collaboration with external stakeholders, such as customer-facing commercial, or research-based roles, will be expected to comply not only with Company policy but also with policies established by such external stakeholders (for example, a requirement to be vaccinated against COVID-19 in order to access a facility or meet with stakeholders). Please understand that, as permitted by applicable law, if you have not been vaccinated against COVID-19 and an essential function of your job is to call on external stakeholders who require vaccination to enter their premises or engage in face-to-face meetings, then your employment may pose an undue burden to business operations, in which case you may not be offered employment, or your employment could be terminated. Please also note that, where permitted by applicable law, the Company reserves the right to require COVID-19 vaccinations for positions, such as in Global Employee Health, where the Company determines in its discretion that the nature of the role presents an increased risk of disease transmission.
Current Employees apply HERE
Current Contingent Workers apply HERE
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We are an Equal Opportunity Employer, committed to fostering an inclusive and diverse workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status, or other applicable legally protected characteristics. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit:
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We are proud to be a company that embraces the value of bringing diverse, talented, and committed people together. The fastest way to breakthrough innovation is when diverse ideas come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively.
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U.S. Hybrid Work Model
Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, generally Tuesday, Wednesday and either Monday or Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence.
This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as “remote”.
Under New York State, Colorado State, Washington State, and California State law, the Company is required to provide a reasonable estimate of the salary range for this job. Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate’s relevant skills, experience, and education.
Expected salary range:
$111,400.00 - $175,300.00
Available benefits include bonus eligibility, health care and other insurance benefits (for employee and family), retirement benefits, paid holidays, vacation, and sick days. For Washington State Jobs, a summary of benefits is listed here.
Search Firm Representatives Please Read Carefully
Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
Employee Status:
Regular
Relocation: No relocation
VISA Sponsorship: No
Travel Requirements: 10%
Flexible Work Arrangements: Hybrid
Shift: 1st - Day
Valid Driving License: No
Hazardous Material(s): N/A
Requisition ID: R274923